State Grid Information & Communication Sees 7.96% Stake Transferred for Free, Controlling Shareholder's Holding Rises to 51.93%

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Summary · why it matters

State Grid Information & Communication announced that State Grid Sichuan Electric Power has transferred its 95,385,704 shares in the company, representing 7.96% of total share capital, to State Grid Information & Communication Industry Group at no cost. After the transfer, the industry group's stake increases from 43.97% to 51.93%, remaining the controlling shareholder, with the actual controller still being the State-owned Assets Supervision and Administration Commission of the State Council. This acquisition is a share transfer between different entities under the same actual controller, does not result in a change of actual controller, and is exempt from the obligation to increase holdings via a tender offer.

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Off-coverage companies 2

国网信息通信产业集团有限公司 (State Grid Information & Communication Industry Group)Private▲ Positive
Capitalrelevance

Industry group increases stake from 43.97% to 51.93% without cash outlay, strengthening control over the listed company.

国网四川电力Private± Mixed
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